Just trying to read Ted's drift on his comments re: Pelican
..."Any success here would open up the potential of the northern parts of the deep water basin. This prospect is higher risk than in the proven central areas operated by Woodside, but it would be a nice Christmas present if we could at least identify good oil shows in the target sands in the Pelican well. However, regardless of the outcome of the Pelican well I am very satisfied with the 2003 drilling programme results."...
Doesn't sound overly positive....Is he attempting to provide a soft landing for a non-commercial hole???
Anyone else with thoughts on his words?
dodds
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